Locked content AmRest to buy Spanish burger chain

WSE-listed restaurant operator AmRest signed a binding offer specifying the terms of a purchase of two companies that own a Bacoa burger chain in Spain for €3.7 million. The entities, Black Rice and Bacoa Holding, own 6 restaurants in Madrid and Barcelona which operate in the “premium burger” segmen...

Locked content AmRest to launch Starbucks in Serbia

WSE-listed restaurant operator AmRest announced the plan to launch the Starbucks brand on the Serbian market, with the first outlet in Belgrade, the company said in a market filing. “With great enthusiasm, we are introducing our brand to the Serbian market and we are happy that Belgrade residents wi...

Locked content AmRest finalizes franchise agreement with Pizza Hut Europe

AmRest finalized a franchise agreement with Pizza Hut Europe, giving AmRest the rights of a master-franchisee for the Pizza Hut brand in Russia, Azerbaijan, and Armenia. AmRest wants to open over 200 Pizza Hut restaurants on the Russian market within five years. The franchise agreement was concluded...

Locked content AmRest to buy 15 KFC restaurants in France

WSE-listed restaurant operator AmRest signed a preliminary agreement with KFC France for the purchase of 15 KFC restaurants. The purchase price will depend on due diligence procedures that will be carried out by AmRest. The deal is expected to be finalized by September 30. “AmRest sees great p...

Locked content AmRest to develop Burger King brand in Czechia and Slovakia

WSE-listed restaurant operator AmRest signed a contract with Burger King Europe on the exclusive development of the brand in the Czechia and Slovakia. “Based on the deal, within 5 years AmRest plans to increase Burger King portfolio by 40 new restaurants in the Czech Republic and 15 in Slovakia,” th...

Locked content AmRest 2017 net profit slightly down

WSE-listed restaurant operator AmRest posted a PLN 182.28 million consolidated net profit in 2017, down from PLN 190.56 million in 2016. Revenues amounted to PLN 5.26 billion, up from PLN 4.2 billion in the previous year. “Favorable consumer trends, strong position of our brands, dynamic organic gro...

Locked content AmRest to invest €6 mln in Russian bakeries

WSE-listed restaurant operator AmRest signed a cooperation agreement with LPQ Russia regarding the development of a restaurant activity in the bakery segment on the Russian market, the company said in a market filing. AmRest will invest €6 million in the venture and will become the majority sharehol...

Locked content AmRest plans dual listing in Spain – local media

According to Spanish media outlets, WE-listed restaurant operator AmRest plans to be dual listed on the Madrid Stock Exchange. The floating would not include any new shares. According to the Spanish media, this idea is being spearheaded by the company’s largest shareholder, Mexican businessman Carlo...

Locked content AmRest with 25% rise in revenue in Q4 – preliminary results

WSE-listed restaurant operator AmRest’s revenue for Q4 amounted to PLN 1.51 billion, marking a 25.1 percent increase year-on-year, according to the company’s preliminary results. In local currencies sales increased by 28 percent in the same period, the company stated. In CEE countries sales stood at...

Locked content AmRest to open 300 restaurants next year

WSE-restaurant operator AmRest maintains its target to open over 200 restaurants this year, and plans to open over 300 next year, company’s management board member Wojciech Mroczyński said. “In 2017 we focus on developing the Pizza Hut and KFC chains on new markets. In Q3 we completed several furthe...